In the span of next year, power generation by burning diesel will be prohibited by decree.
The manager of the National Electricity Company (ENEE), Roberto Martinez Lozano added that within an estimated period of two years the ban will be extended to included power generation with bunker fuel.
The conglomerate Interenergy has acquired a 55% stake in Pedregal, a plant in Pacora, Panama Province, which generates energy from diesel.
From the press release by Interenergy:
New York, August, 2015] –Conduit Capital Partners (“Conduit”) and InterEnergy Holdings (“InterEnergy”) announced today that InterEnergy Holdings has purchased interests in two companies owned by Latin Power III, a $392 million private equity fund managed by Conduit. InterEnergy purchased Latin Power III’s 55% ownership in Pedregal, a 55MW diesel plant based in Pacora, Panama. InterEnergy also purchased Latin Power III’s 100% interest in Jamaica Energy Partners and West Kingston Power Partners, which are based in Kingston, Jamaica and collectively operate three plants with 190 MW of diesel capacity which supply 30% of the electricity on the island of Jamaica. Terms of the transaction were not disclosed.
The Panamanian Ministry of Health has completed its inspections and has agreed to lift the suspension of works on expanding the thermoelectric plant being managed by Pan Am Generating in La Chorrera in West Panama.
The inspection enabled verification that there is no evidence of noise and air pollution in the areas of expansion of the power plant, as reported by the authorities of the Ministry of Health, who requested that the National Environment Authority authorize reactivation of the construction work.
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